Hong Kong Global markets fell on Monday after widespread protests in China against the country’s stringent Covid-19 restrictions roiled investor sentiment.
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Jerome H. Powell, the Federal Reserve chair, faces a challenging moment as inflation proves more durable than policymakers expected.
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Hey, what's going on Team? it's Ricky with Techwood Solutions Hope that you're all having an amazing start to the week. Today's Monday November 28th Uh. One of the things I want to quickly talk about is I've reduced my position size and I have my last limit order to sell Sqq I'm up a little bit over 13 000 on the day. Uh, during our live trading session with the Lpp team, uh, we allowed this thing to sell off or ask you heq just for those that are unaware. Um, we talked about this during our live trading for those um that have never watched me trade live I Trade live every single morning with our Lpp team. If you want to learn more about it and our Black Friday sale and give away the last day to enter is today. so please make sure you take two minutes, click that second link down below if you want to learn a little bit more about it. But um, Friday We saw this obvious resistance level right around. Uh, 45 dollars a share. Uskq gapped up great, right? It doesn't really matter if you didn't hold any shares. Uh, But what I began to see is that it was beginning to show signs of lower highs and lower lows and we see this pretty often where something can Gap up and people automatically think that it has to continue to Rally but it definitely does not. right? at Market open we saw a quick change of Direction Tesla and Amazon pretty much leading the market. Everything else is in the red. For those that are asking why is the market selling off? Uh, there's some uh, covet protests going on in China and it's causing Global markets to pull on back. So just make sure you take that into consideration of you know where that selling pressure is coming from based off of every other reporting website. Based off of Black Friday sales and the expectation, even for Cyber Monday Uh, year over year, they're still up. so it's still expected to exceed expectations of uh, you know, even though the idea of a recession is, you know, I'm still within us Um markets and overall sales are still actually higher than where they were last year. not significantly higher about two to two and a half percent year over year, but again, an increase is still good. Now is that a good thing for the Federal Reserve Not necessarily. but I just wanted to keep you guys up to date. So Market is selling off because of those China covet protests? Um, and it's causing Global markets to pull on back. But one of the things that we did so beautifully today within our live trading session is when uh Sqq uh began to sell off. I was beginning to kind of ask that question of like where are we going to show signs of a support and the reason I was talking about Friday's resistance level is because old resistance levels can become new support levels and I think today is a perfect example of that. We sold off and again I was waiting for it to really test itself. Um, if you go back, if you're part of our Lpp team and or if you end up joining, you can re-watch that live stream. One of the things that you begin to see me do is I I Talk about position size time and time again, right? I take a very small position size in comparison to what I normally trade with I can trade with about 10 to 15 000 shares of Sqq. That's when I'm fully invested, right? I decided to only buy 500 shares again. it doesn't matter if you're trading with a hundred thousand. doesn't matter if you're trading with a thousand. If you manage your position size effectively, then that's all that matters. I Went in with a very light position because I began to see signs of a support. When I began to indicate signs of a reversal, I started adding more to my position size when we began to break above the EMA line, Direction was more in my favor. So then I really started to step on the gas instead of 500 shares, 500 shares, or an increments of 500 shares. I started to buy uh, in in 1500 or 2500 shared increments. So now we're talking about a hundred thousand dollars by buy-ins. Um, as Direction was in my favor and that's the biggest thing. It's like you could either be early to a sell-off or I would rather be late to a rally, right? And that's what we talked about today. So we've been holding above the moving average, but there's not much progression above 46 dollars a share. So if you're asking the question Ricky why are you just selling your position if Sqq is still in the green? One of the things that we have to talk about is any open position is a risky position and any open position is open to risk, right? So if we're not seeing much progression Beyond 46 dollars a share and we continue to see it show signs of resistance within this area. Then again, that is just telling me that there's not enough selling pressure for the NASDAQ Market Which means that there's not enough buying pressure for us Kiki Cube and I just need to respect that. It doesn't matter what I hope for It doesn't matter what I want to happen, It matters what. the charts are telling me right and we can easily see that there is a you know, know there's not enough demand to push us through and hold and make higher highs. Beyond 46 dollars a share. And one of the things that you always want to remind yourself is again, today's just one day out of the trading year. Don't put yourself in an unfortunate or hopeful position hoping for something to happen when it's obvious that there's a very strong sign of a resistance level right here. which is exactly why I have my limit order to sell my last 3651 shares at 45.95 which is right below that resistance of 46 dollars a share. I'll keep you guys up to date on Instagram if you guys follow me. but if you want live updates again I Work with one team and one team only and that is my learn plan profit team. They get to watch me trade live literally every single day. So not only do you get access to our new and up and coming live trading sessions, but also you can go back and watch every previous live trading session that we've ever recorded and it's all available for you within that learn fine profit. Discord chat. So again, if you have any questions you guys know how to reach out to me. You can send me a message via Discord But one thing that I quickly want to talk about is again our black Friday and Cyber Monday giveaway. It does end today and that is Sixty Five Hundred dollars cash. So if you guys click that second link down below down below, you guys can use promo code Black Friday It's going to offer you 150 off which is the biggest discount that we offer and then on top of that as long as you sign up by today. So again, today is the last day the 28th of November you get automatically entered to win sixty Five hundred dollars cash. First place is 3 500, second place is two thousand dollars cash. Third place is one thousand dollars cash. We'll select and we'll be selecting three random winners tomorrow. on the 29th and again, all you have to do is sign up today. Uh, on the 28th and then get automatically enrolled into Lpp and that Black Friday giveaway. So if you have any questions, feel free to send me a direct message via Discord or via Instagram And then the last thing is our shop. Tech Buds Giveaway: This is a completely separate giveaway. so if you're already part of Lpp, but you also want to partake in something, we're doing a two thousand dollar cash giveaway and for every one dollar you spend, it equals 10 automatic entries. We're doing double the points and a free flag with every order so you can head on over to Shoptechlips.com or click the fourth Link in the description. And for every one dollar you spend, yes, it equals 10 automatic entries to the 2 000 cash giveaway. So imagine buying a mouse pad and getting automatically entered to win two thousand dollars cash again. This giveaway ends tomorrow, which is the I'm sorry. it ends today and the winner will be selected tomorrow on the 29th of November. That's all provided for you in the description down below. so if you have any questions, you guys know how to reach out to me again. We're waiting to see if we break above um, that? EMA and or if we break below the moving average then I'll just reduce my position size and I'll keep you guys updated via Instagram So I appreciate your time like always. Let's make sure that I'm in the year on our green now. Take it easy team.!

By Stock Chat

where the coffee is hot and so is the chat

22 thoughts on “crash update this is causing the market to drop today…”
  1. Avataaar/Circle Created with python_avatars Lin Lam says:

    Ricky I'm chinese, I felt insulted by the that background picture XD

  2. Avataaar/Circle Created with python_avatars 💰 Make $750 Per Day says:

    "Good things come to people who wait, but better things come to those who go out and get them."

  3. Avataaar/Circle Created with python_avatars eurobabe says:

    today was a good sale day. I bought 2k worth of apple and Amazon. I'm in long

  4. Avataaar/Circle Created with python_avatars Wankel Yu says:

    Yes china will lock down and stop all productions esp all export factory are in low priority to resume, only domestic product can resume their production

  5. Avataaar/Circle Created with python_avatars Willie says:

    Thanks Ricky! I signed up for the LPP. You've been inspirational – looking forward to learning & growing with you!

  6. Avataaar/Circle Created with python_avatars Jovoc says:

    I think it has more to do with what NY Fed's Williams said today, he sees a higher path for interest rate hikes than projected

  7. Avataaar/Circle Created with python_avatars DUNK TIMETM says:

    I made 20% on COSM today😁

  8. Avataaar/Circle Created with python_avatars Chris Georgeson says:

    The party is just getting started to the downside

  9. Avataaar/Circle Created with python_avatars Chris Georgeson says:

    Just think if he learned more TA like elliot waves and fib extensions. Momentum traders leave a lot of money on the table

  10. Avataaar/Circle Created with python_avatars Greg Rent says:

    QQQs in a falling wedge – wedge failed. SQQQ is 46.84 as I type

  11. Avataaar/Circle Created with python_avatars perrier1986 says:

    YINN/YANG

  12. Avataaar/Circle Created with python_avatars Michael Kung says:

    Western media just overblown the China protest, it’s nothing compared to those in European cities, that’s not an excuse for the markets to go down😅

  13. Avataaar/Circle Created with python_avatars ECO BRITE FL says:

    Made a 43 percent gain on dbgi today not even worried Cosm to .60

  14. Avataaar/Circle Created with python_avatars Willy Jimenez says:

    What the f is that thumbnail 😂

  15. Avataaar/Circle Created with python_avatars James Ortiz says:

    The China thumbnail 🤣

  16. Avataaar/Circle Created with python_avatars DiscreetBtm xxx says:

    Black Friday Sales was expected to be 🆙 15% so anything less is not as good as expected

  17. Avataaar/Circle Created with python_avatars Some Steak says:

    I just bought your LPP course!!!! Really excited to get started. Also a bit nervous haha. Thanks Ricky

  18. Avataaar/Circle Created with python_avatars CUTON1C says:

    This man uploads during vacations.

  19. Avataaar/Circle Created with python_avatars Giacomo Bellandi says:

    Sticking to value investing strategies like the Everest Formula or Magic Formula is the only way to manage this crazy market today. Change my mind.

  20. Avataaar/Circle Created with python_avatars All We Do is Twin! says:

    Thank you

  21. Avataaar/Circle Created with python_avatars Hehee says:

    Buying Aecon Group, Big Lots and Algonquin Power 🤑💵🚀

  22. Avataaar/Circle Created with python_avatars CUTON1C says:

    LFGGGGGGGGG

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